Payrailz
2024 Revenue
$1.5M
Funding
$24.3M
YOY
53.3%
Team
25
Founded
2016
How Payrailz CEO Fran Duggan grew to $1.5M revenue with a 25 person team in 2024.
Provider of a digital payment platform created to offer a seamless way of advanced bill payment and money transfer. The company's platform uses AI technology, security, cloud-based software and chat bot to offer advanced financial services, enabling banks and credit unions to avail engaging payment systems in a smarter and predictive way.
Last updated
Payrailz Revenue
In 2024, Payrailz's revenue reached $1.5M. The company previously reported $994.5K in 2023. Since its launch in 2016, Payrailz has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Payrailz Hit $1.5m revenue in October 2024 | |
| 2023 | Payrailz Hit $994.5k revenue in October 2023 | |
| 2021 | Payrailz Hit $1.9m revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
Payrailz Valuation, Funding Rounds
Payrailz has not publicly disclosed its valuation. The company has raised $24.3M in total funding to date.
Payrailz has raised $24.3M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $14.5M | - | - | |
| 2018 | Funding round | $3.8M | - | - | |
| 2017 | Funding round | $6M | - | - |
Founder / CEO
Fran Duggan
CEO
As Chief Executive Officer of Payrailz, Fran is responsible for oversight of all aspects of our company. He is an experienced payments entrepreneur and visionary with a successful track record of turning vision into reality by creating payments and banking platforms and solutions for the financial services marketplace. He is best known for hisability to not only create progressive and innovative strategies, but also to execute and deliver on those strategies while creating meaningful partnerships with financial institution clients and providers.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Payrailz yet.
Payrailz Employees & Team Size
Payrailz employs approximately 25 people as of 2026, including 12 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 25 employees (October 2024) |
| 2023 | Reached 25 employees (October 2023) |
| 2022 | Reached 29 employees (October 2022) |
| 2021 | Reached 58 employees (December 2021) |
| 2021 | Reached 51 employees (April 2021) |
Frequently Asked Questions about Payrailz
What is Payrailz's revenue?
Payrailz generates an estimated $1.5M in annual revenue.
Who founded Payrailz?
Payrailz was founded by Fran Duggan.
Who is the CEO of Payrailz?
The CEO of Payrailz is Fran Duggan.
How much funding does Payrailz have?
Payrailz raised $24.3M across 3 rounds.
How many employees does Payrailz have?
Payrailz has 25 employees.
Where is Payrailz headquarters?
Payrailz is headquartered in Glastonbury, Connecticut, United States.
Compare Payrailz to the industry
Payrailz operates across multiple industries. Browse revenue, funding, and growth data for Payrailz in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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